Insperity Inc Stock Forecast
Insperity Inc stock downgraded to Sell Candidate
(Updated on May 07, 2024)
The Insperity Inc stock price gained 2.68% on the last trading day (Tuesday, 7th May 2024), rising from $102.72 to $105.47. During the last trading day the stock fluctuated 2.46% from a day low at $103.09 to a day high of $105.63. The price has fallen in 6 of the last 10 days and is down by -2.93% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 78 thousand more shares were traded than the day before. In total, 263 thousand shares were bought and sold for approximately $27.76 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 12.06% during the next 3 months and, with a 90% probability hold a price between $115.34 and $128.98 at the end of this 3-month period.
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NSP Signals & Forecast
There are mixed signals in the stock today. The Insperity Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $105.77. On a fall, the stock will find some support from the short-term average at $103.67. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -3.78%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Insperity Inc stock
Insperity Inc finds support from accumulated volume at $102.93 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $2.54 (2.46%) between high and low. For the last week, the stock has had daily average volatility of 3.49%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NSP) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Insperity Inc to open at $104.73, and during the day (based on 14 day Average True Range), to move between $102.79 and $108.15, which gives a possible trading interval of +/-$2.68 (+/-2.54%) up or down from last closing price. If Insperity Inc takes out the full calculated possible swing range there will be an estimated 5.07% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $105.63 (0.15%) than the support at $102.93 (2.41%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Insperity Inc stock A Buy?
Insperity Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.385 Sell Candidate Downgraded
Predicted Opening Price for Insperity Inc of Wednesday, May 8, 2024
Fair opening price May 8, 2024 | Current price |
---|---|
$104.73 ( 0.704%) | $105.47 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NSP
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 107.26 | 1.70 % | |
R2 | 106.30 | 0.783 % | ||
R1 | 105.70 | 0.215 % | ||
Current price: | 105.47 | |||
Support | S1 | 103.76 | -1.62 % | |
S2 | 103.16 | -2.19 % | ||
S3 | 102.19 | -3.11 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 109.61 | 3.93 % | |
R2 | 107.51 | 1.93 % | ||
R1 | 105.63 | 0.152 % | ||
Current price | 105.47 | |||
Support | S1 | 102.93 | -2.41% | |
S2 | 101.37 | -3.89% | ||
S3 | 96.35 | -8.65% |
NSP Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 22, 2024 | Mar 06, 2024 | Mar 21, 2024 | $0.570 | 0.554% |
2 | Nov 16, 2023 | Dec 01, 2023 | Dec 18, 2023 | $0.570 | 0.490% |
3 | Aug 24, 2023 | Sep 07, 2023 | Sep 22, 2023 | $0.570 | 0.599% |
4 | May 24, 2023 | Jun 07, 2023 | Jun 22, 2023 | $0.570 | 0.468% |
5 | Feb 24, 2023 | Mar 09, 2023 | Mar 24, 2023 | $0.520 | 0.449% |
FAQ
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